Azerbaijan Deposit Insurance Foundation
Open-knowledge reference entry
The Azerbaijan Deposit Insurance Foundation (ADIF, Azerbaijani: Azərbaycan Əmanətlərin Sığortalanması Fondu) is the Azerbaijani deposit insurance entity that is responsible for preventing the risk of deposit loss of individuals in the event of loss of solvency by banks or branches of foreign banks, ensuring the stability and development of the financial and banking system of the Republic of Azerbaijan.
History
The Foundation was established by the order of the President of Azerbaijan dated February 9, 2007 "On approval and introduction of the Law “On Deposit Insurance””, adopted by the National Assembly of Azerbaijan on December 29, 2006.
The Foundation's main activities are collecting insurance premiums from banks, ensuring the safety of the fund's cash deposits, and, in some cases, paying insurance amounts to depositors.
Activity
From March 1, 2016, to December 4, 2020, the insurance system applies to the entire population's deposit volume.
According to the decision of the Fund's Board of Trustees, starting from June 1, 2020, the maximum rate on bank deposits of the population in the national currency of Azerbaijan is increased from 10% to 12%.
Since 2020, the Chief Executive Officer executive Director of the Foundation is Tural Piriyev.
“Azerbaijan Deposit Insurance Foundation” enters the record as open-knowledge reference entry. Crown Archives preserves that source wording while asking what Azerbaijan, Deposit and Insurance can confirm, complicate or overturn.
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The citation trail is more important than the brevity of the summary: it shows where individual claims can be examined in context. The source revision retrieved here is dated Jul 19, 2026. The linked authority identifier is Q12836850. 2 of 2 selected statements include explicit references; 0 carry qualifiers and 0 use preferred rank. The first chronological checks are 2007, 2006, 2016 and 2020.
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This entry incorporates text from “Azerbaijan Deposit Insurance Foundation” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.